Naftali Group Refinances Mixed-Use Property In Brooklyn With $48M Loan From Helaba
267 6th St, Brooklyn, NY 11215, USA & 267 6th St, Brooklyn, NY 11215, USA
$45,000,000
$217/SF
Building Size
103,328 SF
Asset Type
Mixed-use
Closing
Apr 22, 2018
About this deal
AI
The mixed-use/multifamily property located at 267 Sixth Street, also known as 363 Fourth Avenue, in Brooklyn, New York has been refinanced. The transaction took place on April 23, 2018.
Summary of transaction details
- Property Type: Mixed-use/Multifamily
- Transaction Amount: $48,000,000
- Market: Brooklyn
- Landlord: The Naftali Group represented by Miki Naftali
- Lender: Landesbank Hessen-Thüringen Girozentrale, also known as helaba''>helaba''>helaba''>Helaba, represented by Herbert Hans Grüntker
Herbert Hans Grüntker, representing Helaba, a Frankfurt, Germany-based lender, assumed the previous $44M mortgage for the property. The transaction involved the Naftali Group, with Miki Naftali as the landlord, and Landesbank Hessen-Thüringen Girozentrale (Helaba) as the lender.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93